HUDSON   AND   MANHATTAN   RAILROAD   COMPANY
Condensed Comparative Statement of Income
 


 

Quarter

Ended

Sept. 30,1909
 

Qnarter

Bnded

Dec. 31, 1909
 

Quarter

Ended
March 31, 1910
 


 

$685,574.51
358,145.72
 

$900,728.37
445,248.15
 

$976,654.86
412,883.56
 

Operating Expenses and Taxes on Properties in Operation
 

Gross Income Applicable to Fixed Charges......
 

327,428.79
 

455,480.22
 

563,771.30
 


 

680,790.84
364.350.84
 

686,550.00
286,235.01
 

714,320.56
201,505.56
 

Less Interest Chargeable to Construction........
 

Balance, being Interest on Capital Employed in Operation
and Chargeable against Income.    (.See note below) .   .

Other Charges...................
 

316,440.00
28,501.77
 

400,314.99
36,709.22
 

512,815.00
49,910.39
 

Total Deductions from Income...........
 

344,941.77
 

437,024.21
 

562,725.39
 

Net Income after Deduction of Fixed Charges Applicable
against that portion of  the Properties   Employed   in
Operation.     (Note.—Italics Deficit).......
 

17,512.98
 

18,456.01
 

1,045.91
 

Depreciation included above in Operating  Expenses   and
 

68,670.01
 

63,320.97
 

31,928.25
 


 

NOTE—As   additional   property has been put into operation, bond interest has been applied   against   income
i follows:
 

July 1 to July 19 o
July 19 to Aug. 2 o
Aug. 2 to Sept. 20 o
Sept. 20 to Dec. 31 o
 

Jat
 

J13,512,000 Bonds.
. |18,69i.000 Bonds.
. $33,991,000 Bonds.

$35,028,000 Bonds.
 

1 to Mar. 31 on $45,028,000 Bonds.